Pinui-Binui Giv'at Ze'ev 870 Apartments — First Project 2026 | חדשות נדל"ן | מרכז הנכסים

First Pinui-Binui in Giv'at Ze'ev — Introduction of 870 New Apartments

The Jerusalem District Planning and Building Committee approved the first pinui-binui project in Giv'at Ze'ev - a neighborhood built in 1984 that now needs a major upgrade.

Project Details

• Location: North Giv'at Ze'ev, an area of approximately 12 dunams
• Demolition: 9 old buildings, 130 housing units
• New Construction: 8 towers of 18-22 stories
• Total New Apartments: 870 housing units
• Increase Ratio: 6.7 times the number of housing units

What Do Residents Get?

• A new apartment 25-30% larger than the old one
• Protected room, fast elevator, underground parking
• Large balcony, better air directions
• View of Jerusalem (from higher floors)
• Luxury lobby, leisure complex
• 3-4 years of alternative rent (at the developer's expense)

Why Is This Significant?

This is the first project approved in Giv'at Ze'ev - built in 1984 and now aging. This is a opening of a door for additional projects throughout the neighborhood. Giv'at Ze'ev is over 40 years old, and dozens of buildings are suitable for pinui-binui.

Impact on Apartment Prices

In buildings with pinui-binui potential - prices of old apartments have already jumped 15-20%. Investors are currently purchasing old apartments for ₪1.8-2.2M, expecting to replace them with new apartments worth ₪3.2-4M within 5-7 years. Investment advice on pinui-binui.